good morning, everybody. happy friday. you're now watching "street signs." i'm louisa bojesen. >> and i'm caroline roth. >> european stocks are trading from thursday's post federally, led lower by banks and basic resources. >> the biggest data breach in history, yahoo! accuses a state sponsored actor of stealing information from more than 500 million accounts. >> out with the old, in with the old. sports direction runs higher as mike ashley takes back the reins as ceo. >> billionaires beware.

hillary clinton proposes a 65% tax rate on some america's wealthiest estates. tgif, that's what they say. let's get to some of the data points this morning. looking at eurozone september business growth near a two-year low, according to the latest pmi print. we were looking for a number of 52.8 but got 52.6. so below expectations. the august pmi composite number was 52.9. it is a slowdown and near a two-year low. but companies are raising prices for first time since august 20 sa. so it is not all bad. according to the market, this points to upward of 0.3%. >> still in expansion territory, still above 50. remembering back a couple of

kwleerz everythi years when everything was in contraction. >> this market has been stable over the last 11 months or so. fairly resilient to the brexit chop too. that's something you should point out. >> absolutely. moving on, looking at european equity markets here at the top of the hour, said we were in a funk, it is a bit of a funk. i should say george clinton, father of all funk, if you don't know him, look him up, amazing music. stoxx falling back a little bit here. the ftse is up, the dax, when it comes to the week and trading week we had, we managed to see gains since monday, so the ftse up by almost 3%, 2.7%. dax up by close to 4%. cac 40 rally by 3.5%. and we have the fed and bank of japan out of the way. now the issue is whether or not

we can continue to see this momentum given what the central banks have told us. >> yeah. let's also have a quick look at the sectors. all of them in the red. >> all in the red today. household goods, autos, real estate, worst performer banks and food and beverage. >> let's talk more about the market moves with pete elliott. the dow and the s&p on pace for the best week since july. it seems like we're back in the summer trading mode, where stocks and bonds went up in tandem. how sustainable is that post the fed? >> i think you have an uncertainty about what direction the fed was going to give. quite a few people thought they may raise in september as we went in that camp. we still think that the indication is they're moving in december. i think that's the right direction to travel. the underlying trend still looks okay, from all the data we look

and decent cross section, the only question is the short-term. i would like to see what it looks like in september to give us a better direction. in addition, the brexit vote, the fed got a bad habit of responding to markets, responded to china last year. a bit nervous that what you should be doing is focusing on your own domestic economy and set policy that is appropriate for the domestic economy. here the bank of england have responded because they are concerned about groewth. i think that's an error. what we need is fiscal stimulus, not about monetary stimulus. and that actually some of the more recent -- slightly more alarming. i'm happy to discuss that further. >> let's stick with the boe. we see the kickoff of the corporate bond buying program, buying all sorts of bonds that have a positive impact, any impact on the uk economy, among them, mcdonald's, apple, a lot of controversy around that.

do you think the rally can continue or was it really just buying the rumor and now selling the fact? >> they're physically buying. there will be bids put out on monday. that will be fact. i think we're at slightly disappointed by their approach, so if the point of this is to actually try and help stimulate the uk economy, because you're concerned about growth, you think you would be buying corporate bonds that had a direct impact into the uk economy. setting a limit of 20 million exposure to the uk seems remarkably low number for us. you get odd companies that are in scope and some unusual ones that aren't. so one area we thought would be in scope would be a positive for the economy is social housing related bonds. those aren't in scope yet. those create jobs in the uk, they would stimulate an area where we got a real problem, a shortage of affordable housing. i have to say i think the bank of england moved too quickly, haven't thought about that they're trying to achieve with the corporate bond program. from our perspective, actually,

what they should have done is wait for the chance, see what stimulus he's going to provide. we could look really stupid in three months time when there is a big stimulus package put through, we see a risk of inflation into 2017 they haven't anticipated and on the back foot, which is why there is dialing back we'll cut rates from here. i think we would say just wait and see what hammond does in november. >> coming back to the brexit point and coming back to also a market that hasn't really reacted as many had anticipated in the wake of brexit, granted we haven't had the trigger in the broader 50. as somebody in the market or advises people in the market, do we continue to buy into uk equities? do you think we need to take stock, need to hedge ourselves towards what is to come? how do you trade the uk at the moment? >> there have been some obvious moves post brexit, sterling has fallen 15% against the dollar.

>> but the market trades out of equities and we haven't seen that. >> the ftse 100, 70% of earnings come from overseas. you see markets respond. the real question comes, the one we watch closely, are the uk centric companies in the mid250, how the companies see the underlying economy at this point in time, not obvious we have seen a downturn. but we said this right from the beginning that we would expect an economic slowdown, whether it was technically a recession or not. but more of that evidence will come in 17 rather than this year. it is why we respond to this fiscal response, not a monetary response, and i think the government need to think about how do we encourage inward investment to the uk in a period of uncertainty. when you trigger article 50, got two years to try and work out, that's probably not going to be enough time. we got to find a way we encourage people to say the uk is open for business, we want you to come here and interact. >> how about the housing market in particular in the uk.

do we continue to invest in -- rents are coming down substantially in london i'm hearing. and you're seeing lightness on the mortgage approval, things like that. is it going to work in an opposite manner? are we going to see people holding off buying and what do we do with the house builders? >> we got a structural shortage. i think meeting the house builders, if you produce housing under $600,000, generally speaking that market looks fine. the premium end is a problem because of what we did with stan earlier this year and the question comes in london and somebody who drives past the new u.s. embassy ever morning, it is a huge building site and how that turns out, international investors come to buy that, which is always the thesis, that's the best piece there, very interesting. >> so big infrastructure spending package in the uk, that will never happen akccording to

mr. hammond, right? >> we're disappointed with that. we think this is the right time to do it. you have sensible alternative to the uk. pension schemes being forced to buy these assets at the same time now competing with the bank of england who are buying them as well. honestly, you can't make this stuff up. it is so completely daft at this point in time. that's where we are. our belief is pension schemes want to generate real returns for when we all retire, but sensible and alternative way would be an infrastructure fund with a government guarantee. >> i think there is too much infrastructure spending now, all the roads are blocked. but this might be the cycle plan, a lot of push back.

can't get through. piers, thank you so much for that. piers hillier. e-mail the show, tweet the show. always nice to hear from you. e-mail address, streetsignseurope@cnbc.com. many of you saying good morning already. it is friday. >> it is friday. >> coming up on the show, stay tuned for tips on which stocks are hot and which ones are to drop. we'll be back in two. [eerie music playing] [crickets chirping] [owl hoots] announcer: if you don't fix them, sparks from dragging tow chains can cause a wildfire.

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welcome back, everybody. you're still watching "street signs" on this friday. you're european markets trending a little lower this morning. overnight, asia near 14 month highs in a number of places.

sri joins us from singapore with the latest from there. >> we're not doing too badly. the way i characterize the markets is that we kind of settled into a bit of a comfortable groove here. on a friday night, you settle down on the couch with a cup of tea and watching "game of thrones" and everything is comfy and you don't want to get up, that's what the markets are like now. constructive because all the major banks signaled to us haven't they this week that they'll be let's face it lower for longer. that's the best possible outcome for the equities markets. and got to think about the risk, though, of price dislocation, asset price bubbles, all the rest of it. i think a lot of people have been talking about this. the fact that valuations in the u.s. market are looking a little bit stretched, maybe due for a reraising. i'll leave that hanging. i think the risk for us is dollar yen because there wasn't a great deal of conviction, really, when the dust settled on this cocktail of easing measures we saw from the boj. we are holding the line here,

around 101 for dollar yen. there is the distinct risk we could see 100, could see a collision course with the century mark and possibly even drop below that because of a lack of faith of boj policy quite broadly. this is where we stand as we close out the week, when the outperformers, australia, up by 1% at the close, the financials that really drove the momentum in the sydney market. that's it really. fairly constructive session when you look at today and you look at the course of the week. but heading into the final quarter of the year, it is all about the risk of that december rate hike by the fed and, of course, the u.s. election. a lot of people are talking about here. back to you. >> sri, thank you. i haven't seen "game of thrones ." i hear it is violent, right? >> i watch "narcos," it is violent. i don't watch "game of thrones."

>> mike ashley has been appointed head of sports direct. it has been under pressure from regulators in regulation of working practices at warehouse. the stock is down by more than 60%. he's the founder. he founded it back in 1982. he's saying of this resignation, he feels like he lost his right arm but needs to come back to the company and put it on the right track again. >> a blow to europe and one of the lodngest running trade disputes. the european union failed to follow subsidies. they argue this caused a significant loss of sales for airbus's competitor boeing. the eu suggested it will appeal the latest ruling saying that some of the report is unsatisfactory. >> home builders are outperforming in the uk as

persimmon is upgrade at two banks. credit suisse raising it to 1702 while the libram group rating it as a buy. >> opioid drugmaker endivior is being sued. the company said it would vigorously defend its position. it was spun off back in 2014. >> now to the pharmaceutical shares, lundbeck has fallen sharply after the alzheimer's drug failed. alex guns is a fund manager. we need to talk about one of the stocks you really like, in your fund as well, right?

>> that's correct. >> this has to do with insulin, trying to treat diabetes and massive market. i'm noting that they're going to be selling affordable insulin in developing nations as well, a price guarantee, 20% of listed prices elsewhere. >> we have been talking about the theme of diabetes and obesity for a long time. a core future trend. and the reality is the shares today are at an absolute wonderful level, we think. great buy, an opportunity, they're back up where they were trading in february 2015. the trend hasn't gone away at all. you highlight emerging markets as being important. let me give you a couple of figures. if you take the number of people who have diabetes today and what it will look like in 2040, 50% growth in diabetes and nearly all of that coming from emerging markets. the other amazing thing is that because of the less developed infrastructure, knowledge base there, about 50% of people who

have diabetes aren't even aware they have it today. and the reason why we like novo nor disk it is a well positioned business, the leading market share in the field in terms of value, a wonderful drugs pipeline and it is continuing to innovate very actively. >> okay. let's move on. >> let's talk about tupperware. when i think about tupperware, i think of middle class u.s. housewives throwing tupperware parties. what i didn't know is that nine out of ten tupperware containers are sold elsewhere, outside of the u.s. >> absolutely. it is all about emerging markets this is why it is such an exciting story. you want to be in emerging markets as your previous presenter talked about with rates being lower for longer at the moment. tupperware gets two thirds of its business from emerging market. infrastructure, much less well built out there, so if you want to get food storage and much more than that as well, about beauty products as well, you can't walk into a supermarket,

can't go on to your phone and order it off amazon. so having tupperware parties, having a direct selling force, 3.1 million people selling tupperware product is a great way of extending the reach of this product. >> shares have risen 27%. does it have further to run? >> i think absolutely. i highlight a couple of things. if you look at the valuation today, it is trading at 15% discount to ten-year average multiple of earnings. look at numbers there, and also the great attraction about this stock is they're paying out 60% of their profit in the form of dividend. all this emerging market growth on one side and nice 4% plus dividend yield on the other side. >> why wouldn't the consumer buy something that is slightly cheap, slightly not as good quality, given that we have turned into this throwaway globe in terms of -- food isn't saved in the large part of the world the same way it was when our grandparents -- >> i think that's the very fair point in developed markets, but

it comes back to the point of emerging markets, very different attitudes. the other point with tupperware, very rug egularly, look at the available cusp of the base, they're only about 15% of their whole addressable market has been tapped at the moment. many people aren't even storing food today. >> a crime, isn't it? let's talk about vallejo. why do you like this one? >> another stock we like, exposed to a great future trend, the rise of the autonomous car. you hear a lot about autonomous cars from tesla and so on, but prior to that we have various stages of autonomy and vallejo developed a strong lead in what is known as automated driving assistance systems. so helping you to park your car, shift lane and the motor way if you're potentially falling asleep at the wheel alerting you to wake up. they have a good auto book. about 20 billion euros of auto

book. every year worth visibility on the numbers. very, very good exposure geographically, not just developed markets, but also emerging markets and trading on an attractive valuation. >> it is cyclical. we have seen many of these auto and auto supplier stocks really rise with the first round of qe by the ecb and then fizzled out somewhat. >> i think there is a cyclical element to it and a structure element in the sense the company benefits strongly from emission legislation, one of the main business areas is about improving the combustion system of cars and also the secular trend of moving to the autonomous car in the future as we talked about in the past -- as we talked about on several occasions. the car is going to move from being an actual utility that you have and rely on to being a form of service. everything a manufacturer,

supplier can do to create this autonomous element we think is going to be very good news. >> alex, thank you very much. tupperware, like with socks, you can never find the lid. always one missing. >> that's why you need to buy more. >> and too many of them. >> i guess. >> alex, thank you. alex guns fund manager. let's talk about amazon. shares in the company hit a record high rallying above $800. several analysts have upgraded the stock. argus raised its rating from hold to buy with a price target of $935, while mizu securities lifted it from 855 to 950. ken sentia is more bullish, telling cnbc the e-commerce giant has room to grow in the cloud sector. facebook has admitted to having overestimated its average video ad viewing time for over two years, reportedly upsetting many big advertising clients. the social media network made

the embarrassing revelation in a post several weeks ago and since has been pushed by disgruntled customers to explain the error in detail. the viewing measure had been wrongly inflated by between 60 and 80%. the california-based firm said it would be introducing new metrics in september. i spoke to an industry insider and he told me that measuring return on investment in digital campaigns is incredibly difficult and that's really something that the industry has been grappling with and as a result, because you're not really seeing the effect of your digital campaigns, some of the ad buyers are pulling back on digital campaigns even though everyone thought that is the way going forward. they're spending most of their ad buying in digital campaigns, but might be reducing that. >> interesting. >> yeah. >> something like this must have a big impact on the marketers out there, they decide or help their clients decide do we invest in facebook, advertising

or go to youtube, google, other avenues. if you've been making decisions like this, based on incorrect -- what was the number? between 60 and 80% inflated figures, right? i guess it is also a trial and error thing, still relatively new arena and figure out how to best measure the metrics, does it count if you're viewing something under 30 seconds. what does viewing a video actually mean? >> very often, you scroll through your facebook stream, you see that video just pops up and open and stream without even clicking on them. does that count? >> in my opinion it counts. shouldn't, i wouldn't notice it, but -- >> yahoo! has announced at lst 500 million of its accounts were hacked in 2014. suspected state sponsored cyberattack. the company said stolen data may include names, e-mail addresses, telephone numbers, dates of birth, encrypted passwords, in what is known -- the largest

known cyberbreach is what it is known as. shares little changed on the news. the revelation could put pressure on yahoo! sale of its internet business to verizon. jolene kent reports on the details. >> reporter: at least 500 million yahoo! users hacked. among the personal data cr compromised, yahoo! is now notifying affected customers and recommends users change their passwords and security questions. >> your e-mail is the -- the keys to your kingdom in modern life. and you got to take a lot of extraordinary steps to protect it. >> yahoo! is working with law enforcement to determine if a foreign government was behind this hack. the company is in the process of being acquired by verizon and

that deal not done yet. verizon tells nbc news, within the last two days we were notified of the security incident. we'll evaluate as the investigation continues. it is estimated at least 128 million americans have been hacked in the past 12 months alone. that's roughly half of the adult population in the united states. >> i think that in this day and age, anytime we're connected to the network, we are vulnerable. >> while yahoo! says no payment card data or bank information was taken, half a billion users learning yet again nothing is truly secure. jolene kent, nbc news, new york. cnbc spoke to rico's kara swisher who broke the story and asked h if they thought russia was behind the attack. >> i have no idea. they're not answering any questions. i think that's typically something like this when attacks happen of this magnitude, but yahoo! is not being significant or answering any questions about

where they delayed talking about it for so long. they have been super slow in trying to reveal this to users and to verizon and other bidders. >> that was kara swisher of recode, in partnership with nbc universal. coming up on the show, stay tuned to hear what russia's central bank governor has to say about oil, inflation, interest rates and more in an exclusive interview from moscow. in the meantime, check out our world markets live blog, runs through the european trading day. we'll take a short break and see you in a minute. i'm anne. i'm a scientist. why don't you let me... and me... help you out? ♪ you're gonna hear what i say... ♪ i love taking stuff apart and building new things out of it. anne: pal's my most advanced annedroid.

[gasps] this is awesome. ♪ oh anne: you haven't seen anything yet. announcer: give your cardboard box another life.

welcome. you're watching "street signs."

i'm carolin roth. >> and i'm louisa bojesen. >> the biggest data breach in history, yahoo! accuses the state sponsored actor of stealing information from more than 500 million accounts. >> meet the new boss. same as the old boss. sports direct chair runs higher as mike ashley takes back the reins as ceo. >> and russia raises $1.25 billion from foreign investors in a six times oversubscribed debt offering. >> we see the possibility of our key rate going down. but the trajectory of the reduction would depend on the economic dynamics, what the inflationary risks are. good morning, everyone.

if you're just tuning in, want to show you what u.s. futures look like. we're expecting a weaker start in a few hours time. the s&p off by six points, similar point loss for the nasdaq and the dow off by 34 points after the post fed rally continued and yesterday's trading session, the dow up 0.5%, the nasdaq up by more than that, 0.8%. and the dow and the s&p are on pace for their best week since the month of july. we also had a pretty good week here in europe, the dax up 3.5%, similar percentage gains for the cac for the week. today, we are taking back some of those gains, but only modestly the cac 40 is off by two-thirds and the dax -- basic resources leading us lower. we had the preliminary september pmi numbers for europe and those came in weaker than expected at a two-year low. in terms of the bond markets, we're looking more mixed than

yesterday. we did see some strong buying yesterday, reversing some of the trends we have seen over the last two weeks. but today little more mixed, losses and german and uk paper and buying of u.s. and japanese paper. ten-year german yield in negative territory but ever so slightly. in terms of the currency markets, we're actually on track for a losing week in terms of the u.s. dollar, that's post the fed and the fed lowering their dot plots. very much holding on to that 100 level, a level that the boj is not very happy to see. cable, 1.3014. >> the more the merrier on the show, always good to here your input and views as well. keep them coming through.

we're on e-mail, on twitter as well. our direct twitter handles. interesting to hear how you think the rest of the year will play out with the looming election and the fed over and done with and the bank of japan as well, asking yesterday how many of you are watching in terms of the political agenda. started out being trump supporters and maybe changed your mind or started out hillary supporters and changed your mind. a number of you sending through longer e-mails, too long to read on air, but still interesting to hear your views on that. >> the trend is still going to be fed, boj, ecb. same as it has been over the last six, seven years. and now that the fed is on hold, it is not raising interest rates just yet. we're back in this happy trading land where we're seeing bond buying and we're seeing equity

buying, all good, right? we forgot about the jitters of the last few weeks. >> interesting because some of those -- the panic levels were hit. but they weren't -- they weren't characterized as panic levels even though they were, you know, during the financial crisis in terms of the actual levels. >> if you look at the vix, still below the long-term average. even though it spiked in one day, i believe that was two weeks ago, it is still below the long-term average. so nothing to worry about at this point in time. >> definitely. we need to move on. a curfew is in effect in charlotte, north carolina, after a third night of protests following the deadly police shooting of keith scott on tuesday. multiple businesses were destroyed in violent riots the previous night. sarah rosario is in charlotte. >> good morning to you. it was a relative night of

peaceful protest, compared to what we have seen the last two nights. protesters stayed out past the curfew but no major problems reported. protesters and activists really want for the police chief to release that video of keith scott's shooting death. you may remember it is something the police chief says it is something he's not going to be doing while the case is still under investigation. tuesday's shooting death of 43-year-old keith scott is the latest officer involved shooting following a series of similar ones across the nation. the main difference with this one is that it is lacking that video as we have seen in other shootings. we have seen some type of video emerge online, somehow, or some type of dash cam video. in this case, none of that has been released to the public yet. that's what the public says it needs to try to figure out what really happened and decipher truth from not truth. yesterday, the chief was able to show the video to keith scott's family. their lawyer. and also to the mayor of

charlotte as well. there are some discrepancies in what people are saying they saw in that video, whether or not they saw a gun, the police chief admits he sees -- he says that keith scott refused to put down the weapon when officers approached him, but when he says he looked at the video, he says he cannot definitively say that keith scott was pointing a gun at the officer. so this is all -- these are all things that people were protesting last night, but people here in charlotte managed to stay peaceful while they were getting their message out as well. now, scott's family says that he wasn't holding a gun. they insist he was holding a book while he was waiting for his child to get off the school bus. these are all things yet to be determined. protesters remained calm, but tensions are high. citizens here are just looking for justice. for now, reporting live in charlotte, sarah rosario. now back to you. >> thank you very much. russia's finance minister said that although he's not planning tax increases in the next three years, he will

propose some changes to the tax regime for the oil sector. he's aiming to cut budget deficits by 1% annually. we'll speak to the minister later on today. jeff will bring us that interview. while investors closely watch the fed for any hints on whether or not it will be hiking interest rates this year, the russian central bank governor faces a different set of problems. jeff caught up with her at the moscow financial forum and jeff is with us. hi, jeff. >> absolutely, louisa. those two russian stories are connected because what the russian economy needs at the moment is a dash for growth. that could come from higher energy revenues, it could come from a more expansive government budget, or it could come from more dramatic declines in interest rates from the central bank that would stimulate

lending. but elvira nabiullina made it clear for the time being she's sitting tight on rates. it would take some extraordinary event to persuade her that it was necessary to move again before the end of the year. i also asked her about what she thought very easy money in the west was doing to the prospects for growth, for the global economy. she really wasn't very happy with the way this policy is pursued. she didn't want to directly criticize the banks, but she made it very clear she thinks very loose monetary policy does more damage than it does good. let's hear what she said. >> this is the subject of a very broad discussion. whether the central bank still have in their possession the types of tools to influence the situation, whether they are already finding themselves on the brink of negative interest

rates and some are alrdy in negative interest rate territory. these are most certainly not trivial problems. but as far as the russian economy is concerned, we find ourselves in a totally different situation. unlike many other countries, we have high inflation. we have high interest rates. we still have the option of lowering them. therefore, we are keeping a close eye on these discussions, taking into account the kind of challenges that our foreign partners have to face. however, the task facing the central bank of russia is different. >> does that mean you are looking to somewhat protect the russian economy in the event of a dramatic slowdown in u.s. consumption at the end of the year maybe into early 2017, if there is an electoral outcome

that causes uncertainty? >> translator: undoubtedly whatever is happening in the major global economies, in the united states or the economies of our major trading partners such as the european union or china does affect russia. and among other things, one of the main channels of influence is the oil price. undoubtedly the situation in the market can affect the oil price via financial assets. nevertheless, i believe that our main challenges and problems are domestic ones. >> yeah, the governor went on to make it very clear that she thinks very loose monetary conditions ultimately reduced productivity because cheap money leads to mal investment. one area of problem for the russians still is the shadow economy here and the banking system, which as a result of

sanctions has struggled somewha to deal with the lack of access to foreign capital markets over the last two or three years the central bank has been work very hard to tidy up the sector of the economy, so is the job done? that's my question for the governor. does she see the need to revoke more lending licenses through the next 18, 24 months. >> translator: we don't make plans to revoke licenses ahead of time. i can only tell you how many licenses we have already revoked. but with regards to how many we are going to revoke, that really depends on how the banks develop. what kind of problems will be identified. over the last three years, we have revoked about 280 bank licenses. we have revoked them for two main reasons. the first is chronic financial instability of a bank. when a bank is no longer capable of resolving the problems it is facing, and the second problem

was their deep involvement in service in a shadow economy and a devious nature of some transactions. this is aimed at improving the banking system as a whole to improve the capitalization of banking institutions and at the end of the day to raise the level of trust among businesses and households to what its financial institutions. the banking system had been through some very difficult periods over the last two years. like the economy as a whole. but this year we can see that the banking system is demonstrated a very steady recovery, in terms of recovering the profitability. bank profits this year over the last eight months in comparison with the same period in the previous year have grown seven times. >> so there is a sense of stability here when we talk to people at this moscow financial forum. they do feel that things are slowly getting better, given where we have come from for this economy.

but i think near term much will depend on what ultimately comes out of algeria and whether opec can get some agreement on a freeze in output that the russians themselves are prepared to buy into. that will be the next key issue, and that will have significance for where energy revenues are likely to go over the next 12, 18 months. back to you. >> jeff, thank you so much for that. want to get back to u.s. politics. donald trump has spoken out against the violence and anti-police protests in north carolina. this as he campaigned in pennsylvania ahead of the first head to head debate with hillary clinton on monday night. brian moore has the latest from washington. >> reporter: as demonstrators took to the streets of charlotte to decry the killing of an african-american man by police, donald trump was in pennsylvania, voicing his support for law enforcement. >> they are the line separating

civilization from chaos. >> reporter: he blamed hillary clinton for helping to stoke inner city unrest and violence by supporting what he called the narrative of cops as a racist force in our society. >> hillary clinton does not have to worry about the sirens and the gunshots at night. she doesn't worry about it. she's sleeping. >> reporter: the issue of fatal police shootings and race looms as a potential flashpoint in the first presidential debate. preparations are well under way for that showdown monday night at hofstra university. clinton has paired back her campaign schedule to get ready and running mate tim kaine says she is. >> the good news is she's so far over the hurdle in terms of preparation for this, knowing what she needs to know, we don't have to get into that. >> reporter: for clinton, a chance to answer trump face to face. brian moore, nbc news, washington. >> and hillary clinton has stepped up plans for tax hikes on the wealthiest americans, the democratic presidential nominee

proposed raising taxes on inherited property to 65% for the largest estates, those valued at $1 billion or more per couple. the move up from the current 40% level is seen as a nod to a former opponent bernie sanders and would create the highest estate tax since the 1980s. >> now this is bound to be funny. here's why. hillary clinton sat down to answer to some fairly uncomfortable questions about her campaign, not with voters, but with comedian zach galifianakis. >> where is he? where is zach? >> just trying to scare her. >> not a good idea around the secret service. are you okay? >> i'm fine. i'm fine. just startled. hi, welcome to another edition

of between two ferns. i'm your host, zach galifianakis. my guest today is hillary clinton. thank you very much. let's talk about trump. >> let's. >> when you see how well it works for donald trump, do you ever think to yourself, maybe i should be more racist? when he's elected president, and kid rock becomes secretary of state, are you going to move to canada? or one of the arctics? >> i'll stay in the united states. >> when would you try to -- >> try to prevent him from destroying the united states. >> you're going to lead the civil war? >> no. i wouldn't -- i wouldn't take up arms. i think that might be a little extreme. >> right. because you were saying before we were rolling that you wanted to take away everyone's guns. very cool. cool, cool, cool. >> i really regret doing this. >> this has been a lot of fun, mrs. clinton. we should stay in touch. what is best way to reach you? e-mail? >> it was supposed to be funny. was it really that funny?

don't know. maybe she's trying so hard to be funny. >> i have to say, i've seen a couple of his interviews in the past and maybe it is just the humor difference, but i don't -- i don't laugh. i don't find it very funny in general. but a lot of people to. he's very popular in the states. could be humor difference. americans come here and they're, like, what are you laughing at. we're laughing, right. >> all about the debate on monday. >> it is. >> you have to be likable and strong and, you know, she can certainly hold her ground. she has so much experience doing this. >> maybe you win by being funny. >> i don't know. not at a debate. >> no. >> there is going to be a lot of eyeballs on that debate, a lot. uk foreign secretary boris johnson says brian witain will probably invoke article 50. theresa may has not yet set out a timetable for brexit negotiations other than saying

that article 50 will not be triggered before the end of the year. downing street made a point of not backing up johnson's claim by releasing a statement to say the government's position has not changed. ireland has trimmed its gdp forecast for 2016 and 2017 by 0.5%. the cut comes ahead of a budget due next month, expected to deliver measures to shield economy from the impact of brexit. ireland now forecast economic growth of 4.4% this year and 3.4% in 2017. >> data released this week from the financial conduct authority shows more eu firms use passporting rights to access the uk than vice versa. this prompted some to suggest that the eu will tread carefully to protect the own interests as the future financial services is thrashed out as part of the brexit discussions. we'll go for a quick break. a safer drive, stay tuned to find out what new features tesla has just rolled out for its driverless cars. we'll be back in two. announcer: alvin and the chipmunks want to remind you--

bacteria can hide in food and make you ill. wow! announcer: but you can keep bacteria from ruining your day with 4 simple steps: clean, separate, cook, and chill. the roadchip to food safety starts at foodsafety.gov. everyone thought i was crazy to open a hotel here. everyone said it's so hard to be a musician, but i can't imagine doing anything else. now that the train makes it easier to get here, the neighborhood is really changing. i'm always hopping on the train, running all over portland. i have to go wherever the work is. trains with innovative siemens technology help keep cities moving, so neighborhoods and businesses can prosper. i can book 3 or 4 gigs on a good weekend. i'm booked solid for weeks. it takes ingenuity to make it in the big city. announcer: when they test you, stand firm and move only when you hear the seatbelt click that says they're buckled in for the drive.

never give up till they buckl.

hi, everybody. welcome back. you're watching "street signs." twitter shares dropped after rbc downgraded the stock and lower the price target. it now rates twitter at underperform with $14 price target. that's down from $17. rbc's mark ma haine yea sney sa expects a drop in the stock based on weak advertising data. according to a filing with the s.e.c., the firm sold just over $555 million in equity to google capital. the latest funding is part of an expected $850 million round that would make air bnb the fourth most valuable private startup. the race to producing safe

driverless cars continues. tesla announced new features for its auto pilot function. phil lebeau has the full story. >> reporter: chris loves driving his tesla model s in auto pilot mode where he takes his hands off the wheel. >> the driver has to understand the limitations of it. it is like learning to drive. you kind of have to know what the limits of the auto pilot are. because it is still not 100% auto pilot. still needs some kind of steering. >> reporter: that doesn't change in the new version of tesla's auto pilot system. in fact, it increased driver warnings but the instrument cluster lighting up and the vehicle sounding a warning when the driver needs to take control of the car. addition, the system uses the car's radar to provide a better view of the road, so it can break quicker and avoid collisions. the system can steer the car on highway interchanges.

elon musk says the changes will make the model s and model x the safest vehicles on the road. but not everyone is buying that claim. auto pilot is still requiring drivers to be ready to take control if they're heading towards a collision. and that worries analysts who track auto safety. >> it is almost as if they're allowing the car to drive, but the human is there to back up the car. and that's really kind of a dangerous situation because, well, quite honestly, humans aren't designed that way. >> reporter: still, the federal government is pushing the development of self-driving cars. earlier this week, it sent new rules for what is expected of automakers building autonomous drive vehicles. and the auto pilot system remains the focus of a federal investigation following the death of a man driving his tesla in auto pilot mode when it crashed in florida earlier this year. chris knows the system is not perfect but has no plans to stop

using it. he believes the new auto pilot will make his daily commute in the bay area even more enjoyable. phil lebeau, cnbc business news, palo alto, california. >> this is super scary. when you draw parallels to being a pilot, where the plane is on auto pilot, you're trained for a long time, so many people aren't able to become pilots because you don't have the qualifications, you're not deemed, being safe to be a pilot because you're 84, whatever the issues are. and here, if i'm like this in my car because it is on auto pilot and that thing blinks, i need to go like this, figure out where i'm going, what is going on, what is the danger the car is alerting me to, i don't trust it yet. >> shall we talk about opec? >> no. let's. expectations rising that opec members might be able to clinch a deal limiting oil supply at their meeting in algeria next week. joining us is an oil market

analyst at barclays. what will come out of this meeting? >> we think it is going to be a very close one. if you look at the balance of probabilities, there are good reasons to think that this actually might be a time when they good enough reasons to join. if you look at the other flip side, the politics of it, and the fact that doing this, you're running for a very long time, that gives us another impression that may actually come up with another statement from opec saying this is a meeting to arrange another meeting to the extraordinary meeting that they're talking about in october. we think that might be more of a likely scenario. we do say the balance of risks is close to 50/50. >> let's say with we get a freeze. the argument goes, even if we get a freeze, they would still be producing at record levels. not going to change anything in terms of supply and demand balance. >> doesn't change anything on fundamentals.

but it changes things on the sentiment level and how people perceive opec. remember, people had written off opec, and now if opec comes together and shows solidarity, they would think, probably in 2017, we might expect something more from the group or somewhere around the future. that in itself, that sentiment and the perception in itself adds value. and, yeah, in terms of positioning as well, it does help channel quite a lot of the bullish sentiment back in. >> where do you think oil is headed now that the fed has held back in term of raising rates. the dollar tends to be somewhat weaker. we're on track for a loss this week. that's big determinant of oil too apart from the fundamentals. >> we have prices rising in q-4. we have a plus $50 per barrel price, average around $53 a barrel. that's with or without a freeze. we see balances tightening, demand and supply, oil

inventories are being drawn down. this is the crucial thing. we don't see demand as a risk for q-4 in terms of upsetting it. we see rather than a demand upset, a supply surprise. this is where opec coming in and seeing something, or doing something, might impact balances. >> thank you so much for your time. appreciate it. oil markets analyst, barclays. we'll talk about oil next week. quick peek at u.s. futures. expecting a lower start to the trading session. the s&p off by 5 points. the nasdaq seen off by 6. that's it for today's show. i'm carolin roth. >> thank you very much for your participation, your tweets. i'm louisa bojesen. see you on monday, same time, same place. we should probably move the bonfire over there.

[smokey whistling a tune] i'm guessing smokey liked that idea.

good morning. global markets now, oil prices pulled back after many sessions of strong gains. this ahead of next week's opec gathering. >> and a cnbc exclusive, we'll hear from russia's central bank governor as she criticizes the easy money policies of other countries. >> plus, hacked. at least 500 million yahoo! accounts exposed in the world's biggest cyberbreach ever. and today the company blaming a state sponsored actor. it is friday, september 23rd, 2016. "worldwide exchange" begins right now. ♪ they call me stacy theyl